Civometry

HM Treasury · 5 July 2024 – present

Spending on medical research during the Labour 2024– government

Year ending March 2024 → Year ending March 2026 · 2 periods

↑ 37.5%+£783m £ million

Spending on medical research rose by 37.5% over the period, from £2.1bn £ million (Year ending March 2024, the level when the government took office) to £2.9bn (Year ending March 2026, the latest available).

  1. Inherited level Year ending March 2024: £2.1bn
  2. Latest Year ending March 2026: £2.9bn
  3. method: latest complete period before start / before end

Changes during this period do not by themselves show what the government caused. Statistics reflect many influences, including earlier decisions, the economy and how the data is collected.

Spending on medical research: Year ending March 2021 to Year ending March 2026ConservativeConservativeLabourLabour01k2k202120222023202420252026Year ending March 2021: £1.7bn £ million · published 17 July 2025Year ending March 2022: £1.8bn £ million · published 2 September 2026Year ending March 2023: £1.9bn £ million · published 2 September 2026Year ending March 2024: £2.1bn £ million · published 2 September 2026Year ending March 2025: £2.5bn £ million · published 2 September 2026Year ending March 2026: £2.9bn £ million · published 2 September 2026
Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value

Definition and caveats

Public sector expenditure on services on medical research, a component of health, in cash terms, from HM Treasury's PESA Table 5.2 (UN COFOG classification).

Doesn’t measure: Spending by any single department or body: PESA classifies by the purpose of spending, not by who spends it.